Last checked at 29 May 2020 08:30
FOR IMMEDIATE RELEASE
29 May 2020
Predator Oil & Gas Holdings Plc / Index: LSE / Epic: PRD / Sector: Oil & Gas
Predator Oil & Gas Holdings Plc
("Predator" or the "Company" and together with its subsidiaries "the Group")
Annual Report and Notice of AGM
Predator Oil & Gas Holdings Plc (PRD), the Jersey-based Oil and Gas Company with operations in Trinidad, Morocco, and Ireland, announces that it is posting its annual report for the year ended 31 December 2019 to shareholders together with the notice of its Annual General Meeting. Copies of the annual report and notice of Annual General Meeting (AGM) are available on the Company's website at https://www.predatoroilandgas.com/
Predator's AGM will be held on 29 June 2020 at 11.00 a.m. at the offices of Oak Group (Jersey) Limited, 3rd Floor Standard Bank House, 47-49 La Motte Street, St Helier, Jersey JE2 4SZ.
COVID-19
Whilst shareholder participation at the AGM is important to the Board of Directors, the Board fully complies with the current Jersey Government requirements for arrivals from the UK and other countries to compulsory self-isolate in quarantine for 14 days, and for people to avoid both gatherings of more than two people who do not live together and all non-essential travel and social contact (the "Stay at Home Measures" as amended from time to time). As such, shareholders are requested not to attempt to attend the AGM in person given that certain unprecedented but urgent public health recommendations remain in force in Jersey. Any shareholders who attempt to seek admission to the AGM will be denied entry while the compulsory Stay at Home Measures (as revised from time to time) continue to be in force. The Company is taking these precautionary measures to safeguard its shareholders', stakeholders' and employees' health and make the AGM as safe and efficient as possible.
Shareholders are requested to avail of the proxy voting service and to follow instructions below on how to submit a question to the Chairman relating to the business being dealt with at the Annual General Meeting.
To be valid, Forms of Proxy must be completed and deposited at Computershare Investor Services (BVI) Limited, c/o The Pavilions, Bridgwater Road, Bristol BS99 6ZY by 11:00am on Thursday 25th June 20200 and in default will not be treated as valid.
A member may submit a question in writing by sending a letter and evidence of their shareholding at least two business days prior to the Annual General Meeting by post to the Company Secretary (at the Company's registered office).
The Company will seek to answer any question a member may ask relating to the business being dealt with at the Annual General Meeting, through publication of questions and answers on the Company's website www.predatoroilandgas.com
This announcement contains inside information for the purposes of Article 7 of the Regulation (EU) No 596/2014 on market abuse
For more information please visit the Company's website at www.predatoroilandgas.com:
Enquiries:
Predator Oil & Gas Holdings Plc Carl Kindinger Chairman Paul Griffiths Chief Executive Officer | Tel: +44 (0) 1534 834 600 Info@predatoroilandgas.com |
Novum Securities Limited Jon Belliss
Optiva Securities Limited Christian Dennis | Tel: +44 (0) 207 399 9425
Tel: +44 (0) 203 137 1902 |
Follow us also on VOX Market https://www.voxmarkets.co.uk/
|
Notes to Editors:
Predator is an oil and gas exploration company with the objective of participating with FRAM Exploration Trinidad Ltd. in further developing the remaining oil reserves in the producing Inniss Trinity oil field onshore Trinidad, primarily through the application of C02 EOR technology. Potential for cash flow exists by executing a Pilot Enhanced Oil Recovery project using locally sourced liquid carbon dioxide for injection into the oil reservoirs ("C02 EOR"). Near-term expansion and growth potential is focussed on upscaling the C02 EOR operations in the Inniss-Trinity oil field and potential acquisitions of assets suitable for C02 EOR development, subject to all necessary approvals.
In addition, Predator also owns and operates exploration and appraisal assets in current licensing options offshore Ireland, for which Successor Authorisations have been applied for, adjoining Shell's Corrib gas field in the Slyne Basin on the Atlantic Margin and east of the Kinsale gas field and Barryroe oil field in the Celtic Sea.
Predator is operator of the Guercif Petroleum Agreement onshore Morocco which is initially prospective for Tertiary gas in prospects less than 10 kilometres from the Maghreb gas pipeline.
The Company has a highly experienced management team with a proven track record in the oil and gas industry.